‘FED sledgehammer’ will further batter BTC, ETH prices, says Bloomberg analyst
The U.S. Federal Reserve’s inflation “sledgehammer” is about to batter the prices of Bitcoin (BTC) and Ether (ETH) down even further, before reaching back to new all-time highs in 2025, according to Bloomberg analyst Mike McGlone.
250,000 Ethereum Sent To Binance In One Transaction, 20,000 To FTX In Quick Succession
Tracking Whale Alert tweets in the last few hours reveals that over 270k Ethereum has been sent to central exchanges in about 2 hours.
ETH Charts Present A Darker Outlook With Another 25% Correction on Radar
After rallying all the way to $1,800 ahead of the Merge event last week, ETH has been on a downward journey and constantly under selling pressure. Over the last weekend, the ETH price crashed all the way to $1,300 losing some of its crucial support levels.
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to investors in restitution or forfeited to the government,” the Department of Justice (DOJ) explained.
SEC Orders Crypto Firm to Pay Harmed Investors $35 Million — Charges Influencer Ian Balina
The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation received.
Senator Bragg Proposes Bill for Stablecoin Regulation in Australia
Australia liberal Senator, Andrew Bragg has announced a proposed bill to crack down on crypto exchanges, stablecoins, and digital yuan.